SEOUL, Aug. 6 (Korea Bizwire) – In a significant shift for the electric vehicle (EV) industry, South Korea’s leading battery manufacturers are ramping up production of prismatic batteries, responding to growing market demand and evolving consumer preferences. LG Energy Solution, a major player in the global battery market, has formed a task force dedicated to developing [...]
SEOUL, Aug. 6 (Korea Bizwire) – A recent fire involving a Mercedes-Benz electric vehicle in the underground parking garage of a large apartment complex in Incheon has been traced to a battery manufactured by Farasis Energy, a Chinese electric vehicle battery producer. According to the Ministry of Land, Infrastructure and Transport and industry sources, the battery [...]
SEOUL, Aug. 2 (Korea Bizwire) — Mercedes-Benz Korea Ltd. on Friday expressed “deep regret” over a parking lot fire this week caused by an explosion of an electric vehicle. The white EV sedan, which appeared to be of Mercedes-Benz’s EQE line, caught fire in an underground parking lot inside an apartment complex in Incheon, 27 kilometers west [...]
SEOUL, Aug. 1 (Korea Bizwire) — The number of registered electric vehicles (EVs) in South Korea has surpassed 600,000, industry data showed Thursday. According to the data from the Korea Automobile & Mobility Association (KAMA) and the transport ministry, EV registrations in the country totaled 606,610 units as of June. The government began to officially [...]
SEOUL, Jul. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Tuesday it has partnered with major Indonesian electric vehicle (EV) charging service companies to provide its customers in the Southeast Asian nation with easy cross-platform charging accessibility. The company signed a memorandum of understanding for the partnership with six local charging [...]
SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electro-Mechanics announced on July 17 that it has developed a 2,000V multilayer ceramic capacitor (MLCC) for electric vehicle battery management systems (BMS). MLCCs are essential components in electronic circuits, ensuring stable and consistent current flow. They are widely used in various products, from smartphones to personal computers. In automobiles, [...]
SEOUL, Jul. 10 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models. According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in [...]
SEOUL, Jul. 3 (Korea Bizwire) — Trade Minister Cheong In-kyo said Wednesday that South Korea hopes to expand economic ties with Indonesia in areas ranging from electric vehicles (EVs) to clean energy. Cheong made the remark during his visit to Jakarta, where he attended a ceremony marking the production of Hyundai Motor Co.’s electric vehicles [...]
SEOUL, Jun. 24 (Korea Bizwire) — Hyundai Motor Group is strengthening its electric vehicle (EV) battery supply chain and internal production capacity, as the world’s third-largest auto group seeks to present price-competitive EV models with better driving ranges. Last week, SQM, a Chilean lithium mining company, announced that it reached a long-term agreement with Hyundai [...]
SEOUL, June 17 (Korea Bizwire) – A new car manufacturing plant by Hyundai Motor Co., South Korea’s largest automaker, under construction in the U.S. state of Georgia will prioritize producing electric vehicles despite a temporary fluctuation in market demand, the company’s CEO said Monday. “Even though the demand for electric vehicles is temporarily fluctuating more [...]